All of the popular groundbreaking horror movies were produced in bear markets. Dracula, Frankenstein, King Kong, The Mummy, Dr Jekyll and Mr Hyde… All of those were produced from 1931 to 1933… two short years during which time the Dow Jones Industrial Average was plummeting. You didn’t have a situation like that again for decades, until the late 1960s until the early 1980s. Then you had Halloween, Night of the Living Dead and The Texas Chainsaw Massacre and all of these, again, ground breaking horror movies that were popular. And you don’t see that sort of thing in bull markets. There’s always a mix of course. There are movies of all types produced all the time. The question is the frequency, the popularity, the intensity. When you see horror movies from bull markets you find out generally they’re derivative, or they’re hokey or they’re humorous, but it’s the ones produced in bear markets that shock people.

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